My IFA has asked me for my Templecombe law firm’s panel member for the Lloyds conveyancing panel. What is the best way to obtain this. I have tried my local Templecombe branch but they don't know it.
You are best placed to get this information from your Templecombe conveyancer . Most Templecombe conveyancing firms will keep a file or database of lender panel information which would include, if applicable, their conveyancing panel details for each bank.
In what way does my ID and proof of funds have anything to do with my conveyancing in Templecombe? Why is this being asked of me?
It is indeed that case that the requirement set out by your solicitor has nothing to do with conveyancing in Templecombe. However these days you will not be able to proceed with any conveyancing process in the absence handing over proof of your identity. Ordinarily this takes the form of a either your passport or driving licence as well as a utility bill. Remember if you are providing your driving licence as evidence of identification it must be both the paper part and photo card part, one is not acceptable without the other.
Proof of your source of funds is mandated under Money Laundering Regulations. Please do not be offended when you are asked to produce this as your conveyancing solicitor will need to have this information on record. Your Templecombe conveyancing practitioner will require evidence of proof of funds prior to accepting any monies from you into their client account and they should also ask additional queries regarding the source of monies.
Please help - my lawyer advises that restrictive coveneant insurance is necessary on my purchase. What is the level of cover for Templecombe conveyancing?
The right level of restrictive coveneant indemnity insurance should be dictated by who your lender. It would differ for example between Halifax and The Mortgage Works. Conveyancing lawyers as opposed to members of the public take out such policies.
I have decided to exercise my right to buy my property in Templecombe off the council. I have a mortgage agreed with Co-operative. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Co-operative, you will need to appoint a solicitor on the Co-operative conveyancing panel.
Our sealed bid on a detached house in Templecombe has been accepted, the owners do however have a dependent purchase. The vendors have offered on a flat, however it’s not been accepted yet, and have viewings of other flats booked. I have chosen a nearby conveyancing solicitor in Templecombe. What do I do now? When should I get the mortgage application with Kent Reliance started?
It is understandable to have anxieties where there is a chain as you are unlikely to want to incur costs too early (home loan application is approx £1k, then valuation, Templecombe conveyancing search charges, etc). First, you should check that your conveyancing practitioner is on the Kent Reliance conveyancing panel. As to the subsequent steps this very much dictated by the circumstances of your case, attraction to the property and on the state of the market. In a buoyant market some buyers would apply for a home loan with Kent Reliance and pay for the valuation and only if it comes back ok would they ask their conveyancer to proceed with the conveyancing in Templecombe.
I am downsizing from my home. My past conveyancers closed down. It would be helpful to have a recommendation of a conveyancing firm. Im based in Templecombe if that affects matters.
You should use our search tool to help you choose a solicitor for your conveyancing in Templecombe. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move runs with a minimum of fuss.
Am I best advised to go with a Templecombe conveyancing lawyer in close proximity to the house I am buying? We have a good friend who can conduct the legal formalities but they are based over three hundred kilometers away.
The primary upside of using a high street Templecombe conveyancing practice is that you can visit the firm to execute paperwork, hand in your ID and apply pressure on them if necessary. Having local Templecombe know how is a plus. However it's more important to get someone that will do a good and efficient job. If if people you trust used your friend and in the main were content that should surpass using an unknown Templecombe conveyancing lawyer just because they are round the corner.
I have recently realised that I have Seventy years unexpired on my flat in Templecombe. I need to extend my lease but my freeholder is can not be found. What are my options?
If you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for for permission to dispense with the service of the initial notice. This will enable the lease to be lengthened by the Court. However, you will be required to demonstrate that you have done all that could be expected to track down the lessor. For most situations a specialist would be useful to carry out a search and prepare a report which can be accepted by the court as evidence that the landlord can not be located. It is wise to seek advice from a solicitor in relation to proving the landlord’s absence and the vesting order request to the County Court covering Templecombe.
I own a 1 bedroom flat in Templecombe, conveyancing having been completed in 2012. Can you give me give me an indication of the likely cost of a lease extension? Similar flats in Templecombe with over 90 years remaining are worth £186,000. The ground rent is £55 charged once a year. The lease ends on 21st October 2078
With just 53 years remaining on your lease we estimate the price of your lease extension to be between £27,600 and £31,800 plus professional fees.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we are not able to supply the actual costs without more comprehensive due diligence. Do not use this information in a Notice of Claim or as an informal offer. There may be additional issues that need to be considered and clearly you want to be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information before getting professional advice.